Bank of Lithuania has selected IBM and Tieto as finalists for its LBChain technology project

According to Fintech Futures, the Bank of Lithuania, the country's central bank, has chosen IBM and Tieto as the finalists for its LBChain technology project. Both companies will enter the final stages of testing and will announce the winner later this year. Andrius Adamonis, the bank's LBChain project manager, said: "The final test phase will show which solution is best for the market." It is reported that LBChain is both a technology platform and a regulatory sandbox designed to address "the few financial innovators face." Questions." The platform is based on Hyperleger Fabric and R3's Corda and offers the possibility to test a variety of financial products and services.